Cameron, Missouri Property Taxes
The median property tax rate in Cameron, MO is 1.02%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Cameron at $99,440, the typical annual property tax bill is $990, which is below the national median of $2,690. Property taxes in Cameron are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cameron or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Cameron Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cameron to provide an estimate of your property tax bill. This valuable tool gives you a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cameron, Missouri
Property taxes in Cameron, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 1.02%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cameron's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64429 zip code has the highest median property tax rate of 1.02%, while the 64429 zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Cameron provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
1.02%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | 0.84% | 0.96% | 1.02% | 1.05% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, Missouri
In Cameron, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DeKalb County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cameron, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cameron is $99,440, with tax bills ranging from $570 at the 25th percentile to $2,259 at the 90th percentile. The zip code 64429 has both the highest and lowest median tax bill of $990.
Average Cameron Assessed Value
$99,440
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $35,404 | $57,300 | $99,440 | $155,915 | $212,118 |
Source: Ownwell
Property Tax Bills Across Cameron, Missouri
In Cameron, located in DeKalb County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors influence this amount, including property size, location, and any applicable exemptions. Homeowners in Cameron experience a range of tax bills. For example, the 25th percentile tax bill is around $570, while the 75th percentile tax bill reaches up to $1,575. At the 90th percentile, homeowners may see bills as high as $2,259. These figures illustrate the variability in property tax obligations, which can significantly impact household budgets. Interestingly, the median tax bill in Cameron's highest and lowest zip codes is identical at $990, reflecting a relatively uniform tax landscape within the city. Compared to the national median property tax rate of 0.99%, Cameron's tax rates offer a perspective on how local policies shape homeowner expenses.
Average Cameron Tax Bill
$990
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64429 | $332 | $570 | $990 | $1,575 | $2,259 |
Source: Ownwell